The Mudcat Café TM
Thread #122883   Message #2699671
Posted By: Leadbelly
13-Aug-09 - 04:16 PM
Thread Name: BS: Drug Companies:as Bad as Bankers?
Subject: RE: BS: Drug Companies:as Bad as Bankers?
"Are the drug companies as bad as bankers? Yes, they are."

No, they are not. Forget flu. That's an extreme example. There are enough other and better examples like treatments of cancer, infections, heart failure aso which can be treated by drugs from this industry.

At least, effective drugs do help people and most often save patients lifes. Bankers recommendations often do not help poeple and sometimes ruin their lifes.

It's true, that new effective drugs most often are very high priced because it costs a lot of money to find new and effective compounds. And sometimes the comparative advantage over older drugs is only marginal.

But in total, it's not correct to compare the pharmaceutical industry to bloody bankers and insurance companies. By the way, don't forget to mention the oil industries, electricity, gas, water aso. THEY take what they get.

Manfred